Goatie_22

Goatie_22

This is how I'm looking at BTC at the moment. Overall market structure Still bullish but hasn’t had a proper pullback since it took off from 4K (Zoom out). Had a perfect head and shoulders (reversal pattern) at the peak and Currently sitting between 23 and 38.2% fibs (long term). Tested 10k for over a week now with big wicks to the downside. If it cracks above...

Goatie_22

Low volume, not much market structure. Overall, market has turned. Looking good for long term holders.

Goatie_22

Break out of short term down trend testing nearest resistance at recent high. If daily candle closes above 0.850 we could see a run to test 1.0 again. A small pull back and then a close above 1.0 should see a run to test 1.25 resistance. Otherwise, a rejection here at could see it fall back to trend line or support at 0.625 to create a higher low before heading...

Goatie_22

Keeping it simple! ETN respecting down trend since its pump in mid May. Bullish divergence on CCI. Slowly approaching support level where 61.8% fibs was respected previously. Coincides with uptrend drawn from initial breakout from consolidation on 21st April. Potential long opportunity from demand block/uptrend/support intersection with tight SL. Or wait for...

Goatie_22

Playout 1 (Green): For a convincing trend reversal I would expect to see the Daily Candle close above down trend or 0.005 support, then create a Higher High above Lower high from Feb 2020. Followed by a Higher Low. Playout 2 (Red): Daily candle doesn't close above down trend. Retraces to (possibly) create a new Higher Low at one of the support levels. Price...

Goatie_22

Currently testing resistance at $55. If breaks through it will go up to test ATH and either break through or be rejected (durr!). Currently in a no buy zone for that reason. Possible buy opportunity (top orange channel) if it breaks above the ATH resistance and retests as support after the candle closes . If it is rejected at ATH, that would form a double top and...

Goatie_22

Looking back on the monthly time frame. Two key previous highs were located and now act as support/resistance. AMD pulled back off of 61.8% fibs where initial chart was created. Was supposed to wait for reversal patterns to form before entry. Recent Higher Low (HL) was created which used previous high as support followed by a Higher High (HH) which broke through...

Goatie_22

Longterm trade. Looking at the daily, currently bounced off of 61.8% Fibs. Long off double bottom on 61.8 or wait for break in downtrend and long off retest. Could day trade between resistance levels on the way up. Or sit back, kick the heels up and watch it launch to the top of the channel. Pretty decent RR.

Goatie_22

- Broke first trend line. Now in descending wedge pattern. Candle closed below support at 61.8% FIBS level, current candle pulled back but hasn't closed yet. - If 61.8% support does not hold, the descending wedge will continue to 78.6% FIBS support (first red circle). This area will see price action (break up or down) from descending wedge. Area also coincides...

Goatie_22

- Broke first trend line. Now in descending wedge pattern. Candle closed below support at 61.8% FIBS level, current candle pulled back but hasn't closed yet. - If 61.8% support does not hold as support, the descending wedge will continue to 78.6% FIBS support (first red circle). This area will see price action (break up or down) from descending wedge. Area also...